Former Kentucky men’s basketball coach Billy Gillispie is nearly $3 million richer.
Gillispie and the university agreed to a $2.9 million settlement yesterday. Gillespie had sued the university for $6 million, alleging breach of contract and fraud after he was fired earlier this year.
In his last season with the Kentucky, the team lost 14 games, the second-most losses in Wildcat basketball history.
Though he coached the Wildcats for two years, he never signed a contract and was working under a memorandum of understanding, which he claimed would have paid him $1.5 million per four of the five years remaining under the deal.
Gillispie’s attorney, Houston’s Demetrios Anaipakos, said his client was “glad” the case settled.
Gillispie is also facing DWI charges in Kentucky; he checked himself into a Texas rehab facility in September.
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